earnings
confidence high
sentiment neutral
materiality 0.70
OSI Systems Q2 revenue up 7% to $296M; GAAP EPS $0.96, adj. EPS $1.19; record backlog $1.5B
OSI SYSTEMS INC
2023-Q2 EPS reported
$1.61
revenue$563,668,000
- Q2 revenue $295.6M (+7% YoY); GAAP net income $16.4M ($0.96 EPS) vs $19.8M ($1.09 EPS) last year.
- Non-GAAP diluted EPS $1.19 vs $1.28 YoY; Q2 book-to-bill ratio 1.7; backlog $1.5B (+21% from June 2022).
- Security division revenue up 15% YoY; Healthcare revenue declined due to market conditions.
- FY2023 guidance: reiterates adj. EPS $6.02-$6.25; narrows revenue range to $1.24B-$1.265B.
- H2 FY2023 outlook: revenue growth 8-12% YoY; adj. EPS growth 17-23% YoY; expects margin expansion.